Precision Optics Corp Inc/Mass

Precision Optics Corp., engages in the design, development, manufacture, and selling of optical instruments. Its products include microprecision lenses and micro medical camera, 3D endoscope, and robotic surgery systems. The company was founded by Richard E. Forkey in December 1982 and is headquartered in Gardner, MA.

Earnings data Q2 2023

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Precision Optics Corp Inc/Mass reports robust Q3 earnings and eyes market expansion

Precision Optics Corp Inc/Mass (POCI) delivered a strong performance in Q3 2024, driven by new production orders and improved margins. The company's focus on the medical device and defense aerospace markets, along with strategic acquisitions, positions it for continued growth.
While facing challenges in maintaining revenue growth and expanding in competitive markets, Precision Optics Corp Inc/Mass has opportunities to leverage its recent high-volume production order and platform system approach for accelerated growth.

Precision Optics Corp Inc/Mass exceeds revenue expectations, eyes growth

Precision Optics Corp Inc/Mass navigated challenges in fiscal 2024 to exceed revenue expectations.
Investments in infrastructure, team, and new leadership position the company for growth in fiscal 2025.
Despite operational challenges, the company is optimistic about revenue and profitability growth ahead.
Engagement in investor conferences and strategic evaluations highlight a proactive approach to future opportunities.

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Precision Optics Corp. engages in the design, development, manufacture, and selling of optical instruments. Its products include microprecision lenses and micro medical cameras, 3D endoscopes, and robotic surgery systems. The company was founded by Richard E. Forkey in December 1982 and is headquartered in Gardner, MA.

Conference Call Scheduled for today, September 28, 2023, at 5:00pm ET GARDNER, Mass. , Sept. 28, 2023 /PRNewswire/ -- Precision Optics Corporation, Inc. (NASDAQ: POCI), a leading designer and manufacturer of advanced optical instruments for the medical and defense industries, announced operating results on an unaudited basis for its fourth quarter and fiscal year ended June 30, 2023.

Precision Optics Reports Fourth Quarter and Fiscal Year 2023 Financial Results

GARDNER, Mass. , Sept. 25, 2023 /PRNewswire/ -- Precision Optics Corporation, Inc. (Nasdaq: POCI) (the "Company"), a leading designer and manufacturer of advanced optical instruments for the medical and defense industries, today announced that it has scheduled a conference call to discuss fourth quarter and fiscal year 2023 financial results on Thursday, September 28, 2023, at 5:00pm ET.

Precision Optics Corporation Schedules Fourth Quarter and Fiscal Year 2023 Conference Call for Thursday, September 28, 2023

GARDNER, Mass. , June 15, 2023 /PRNewswire/ -- Precision Optics Corporation, Inc. (NASDAQ: POCI) (the "Company"), a leading designer and manufacturer of advanced optical instruments for the medical and defense industries, today announced that it has entered into definitive agreements with institutional and accredited investors for the purchase and sale of 420,000 shares of the Company's common stock pursuant to a private placement, resulting in gross proceeds of approximately $2.52 million before deducting placement agent commissions and other estimated offering expenses.

Precision Optics Announces $2.52 Million Private Placement of Common Stock

GARDNER, Mass , June 12, 2023 /PRNewswire/ -- Precision Optics Corporation, Inc. (NASDAQ: POCI), a leading designer and manufacturer of advanced optical instruments for the medical and defense industries, today announced the appointment of Wayne Coll as Chief Financial Officer (CFO), effective June 12, 2023. With a career spanning more than 30 years, Coll is an experienced public company CFO, including experience at publicly-held National Dentex Corporation and Micron Solutions, and privately-held Flowonix Medical Incorporated, Keystone Dental, Modern Dental Laboratory USA and Pluromed.

Precision Optics Appoints Wayne Coll as Chief Financial Officer

GARDNER, Mass. , June 7, 2023 /PRNewswire/ -- Precision Optics Corporation, Inc. (NASDAQ: POCI), a leading designer and manufacturer of advanced optical instruments for the medical and defense industries, announced that as of June 2, 2023, it entered into a new $750,000 term loan with Main Street Bank.

Precision Optics Announces New Term Loan and Line of Credit Expansion Totaling $1.5 Million with Main Street Bank

GARDNER, Mass. , May 17, 2023 /PRNewswire/ -- Precision Optics Corporation, Inc. (NASDAQ: POCI), a leading designer and manufacturer of advanced optical instruments for the medical and defense industries, today announced Dr. Joe Forkey, CEO, will participate in a fireside chat and host one-on-one meetings with investors at the Lytham Partners Spring 2023 Investor Conference, taking place virtually on May 18, 2023.

Precision Optics to Participate at Lytham Partners Spring 2023 Investor Conference on May 18, 2023

Conference Call Scheduled for today, May 15, 2023 at 5:00pm ET GARDNER, Mass. , May 15, 2023 /PRNewswire/ -- Precision Optics Corporation, Inc. (NASDAQ: POCI), a leading designer and manufacturer of advanced optical instruments for the medical and defense industries, announced operating results on an unaudited basis for its third quarter fiscal year 2023.

Precision Optics Reports Third Quarter Fiscal Year 2023 Financial Results

GARDNER, Mass. , May 12, 2023 /PRNewswire/ -- Precision Optics Corporation, Inc. (NASDAQ: POCI), a leading designer and manufacturer of advanced optical instruments for the medical and defense industries, today announced the receipt of a follow-on product development order for a next generation single-use urology program totaling approximately $1.5 million from an established medical device company leveraging the Company's unique expertise in micro-optics, medical systems, and digital imaging.

Precision Optics Announces $1.5 Million Follow-On Product Development Order for Single Use Urology Program

GARDNER, Mass. , May 9, 2023 /PRNewswire/ -- Precision Optics Corporation, Inc. (Nasdaq: POCI) (the "Company"), a leading designer and manufacturer of advanced optical instruments for the medical and defense industries, today announced that it has scheduled a conference call to discuss third quarter fiscal year 2023 financial results on Monday, May 15, 2023, at 5:00pm ET.

Precision Optics Corporation Schedules Third Quarter of Fiscal Year 2023 Conference Call for Monday, May 15, 2023

GARDNER, Mass. , April 21, 2023 /PRNewswire/ -- Precision Optics Corporation, Inc. (NASDAQ: POCI), a leading designer and manufacturer of advanced optical instruments for the medical and defense industries, today announced Dr. Joe Forkey, CEO, will be participating in the Planet MicroCap Showcase: VEGAS 2023 on April 26-27, 2023.

Precision Optics to Participate in the Planet MicroCap Showcase: VEGAS 2023 on April 26-27, 2023

GARDNER, Mass. , April 19, 2023 /PRNewswire/ -- Precision Optics Corporation, Inc. (NASDAQ: POCI), a leading designer and manufacturer of advanced optical instruments for the medical and defense industries, today announced the receipt of an initial product development order for a next-generation urological endoscopy program totaling approximately $1.3 million from an established medical device company.

Precision Optics Announces $1.3 Million Product Expansion Development Agreement for Next Generation Urological Endoscopy Program

GARDNER, Mass., April 17, 2023 /PRNewswire/ -- Precision Optics Corporation, Inc. (NASDAQ: POCI), a leading designer and manufacturer of advanced optical instruments for the medical and defense industries, today announced the appointment of medical device and aerospace/defense industry manufacturing veteran, Mahesh Lawande, as the Company's Chief Operating Officer effective April 24, 2023.

Precision Optics Appoints Mahesh Lawande as Chief Operating Officer

Precision Optics Corporation, Inc. (NASDAQ:POCI ) Q2 2023 Results Conference Call February 14, 2023 5:00 PM ET Company Participants Robert Blum - IR, Lytham Partners Dr. Joe Forkey - CEO Conference Call Participants Sergio Heiber - Heiber Research George Melas - MKH Management Operator Good afternoon, and welcome to the Precision Optics Second Quarter Fiscal Year 2023 Financial Results Conference Call. [Operator Instructions] Please note, this event is being recorded.

Precision Optics Corporation, Inc. (POCI) Q2 2023 Earnings Call Transcript

Conference Call Scheduled for today, February 14, 2023 at 5:00pm ET GARDNER, Mass. , Feb. 14, 2023 /PRNewswire/ -- Precision Optics Corporation, Inc. (NASDAQ: POCI), a leading designer and manufacturer of advanced optical instruments for the medical and defense industries, announced operating results on an unaudited basis for its second quarter fiscal year 2023.

Precision Optics Reports Second Quarter Fiscal Year 2023 Financial Results

GARDNER, Mass. , Feb. 13, 2023 /PRNewswire/ -- Precision Optics Corporation, Inc. (NASDAQ: POCI), a leading designer and manufacturer of advanced optical instruments for the medical and defense industries, today announced it has signed a production and technology license agreement with a large, global medical device company.

Precision Optics Enters into Production and Technology Licensing Agreement for Single-Use Ophthalmic Program

GARDNER, Mass. , Feb. 7, 2023 /PRNewswire/ -- Precision Optics Corporation, Inc. (Nasdaq: POCI) (the "Company"), a leading designer and manufacturer of advanced optical instruments for the medical and defense industries, today announced that it has scheduled a conference call to discuss first quarter of fiscal year 2023 financial results on Tuesday, February 14, 2023, at 5:00pm ET.

Precision Optics Corporation Schedules Second Quarter of Fiscal Year 2023 Conference Call for Tuesday, February 14, 2023

GARDNER, Mass. , Jan. 27, 2023 /PRNewswire/ -- Precision Optics Corporation, Inc. (NASDAQ: POCI), a leading designer and manufacturer of advanced optical instruments for the medical and defense industries, today announced Dr. Joe Forkey, CEO, will present and host one-on-one meetings with investors at the Lytham Partners Investor Select Conference, taking place virtually on January 31, 2023.

Precision Optics to Present at Lytham Partners Investor Select Conference on January 31st

GARDNER, Mass. , Jan. 17, 2023 /PRNewswire/ --.

Precision Optics Announces Receipt of $2.3 Million Follow-On Production Order from Large Medical Device Company for Otoscopy Application

GARDNER, Mass. , Dec. 14, 2022 /PRNewswire/ -- Precision Optics Corporation, Inc. (NASDAQ:POCI), a leading designer and manufacturer of advanced optical instruments for the medical and defense industries, today announced the receipt of a follow-on production order totaling approximately $2.6 million from a major US defense contractor, to meet increased demand for a highly complex optical assembly.

Precision Optics Announces Receipt of $2.6 Million Follow-On Production Order from Large Defense Company

GARDNER, Mass. , Dec. 13, 2022 /PRNewswire/ -- Precision Optics Corporation, Inc. (Nasdaq: POCI), a leading designer and manufacturer of advanced optical instruments for the medical and defense industries, today announced that Chief Executive Officer Joe Forkey and other Precision Optics team members will ring the Nasdaq opening bell on Wednesday, December 14, 2022.

Precision Optics to Ring Nasdaq Opening Bell on Wednesday, December 14, 2022

GARDNER, Mass. , Dec. 8, 2022 /PRNewswire/ -- Precision Optics Corporation, Inc. (NASDAQ: POCI), a leading designer and manufacturer of advanced optical instruments for the medical and defense industries, today announced the receipt of an initial product development order for a next generation single-use urology program totaling approximately $750,000 from an established medical device company leveraging the Company's unique expertise in micro-optics, medical systems, and digital imaging.

Precision Optics Announces New Product Development Order for Single Use Urology Program

POCI is successfully implementing its stated strategy. The product pipeline is robust and will lead to profitability.

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